I think he needs to think a little deeper on the inflation aspect of UBI Let us assume he is right and all the money comes from taxing corporations.. 1- if they pay more tax, they need to raise prices to compensate 2- he said himself that this money in corporations sits idle - so very low velocity of money Now that money will be taken and given to people, which will be very high velocity - which will create inflation 3- many corporations will close or move Now there is a lot less being produced All else being equal, this leads to inflation
All that is happening anyways and with all the new AI technology and robots will there even be work for us humans in the future? Comapnies who use robots will be getting richer because they don't have to pay the robots so more $ in their bank accounts.
![Gucci Mane & Sexyy Red - You Don't Love Me [Official Music Video]](http://i.ytimg.com/vi/j7IBqyFKT4c/mqdefault.jpg)
This guy needs to go watch 5 Jeff booth videos! 🧡
I think he needs to think a little deeper on the inflation aspect of UBI
Let us assume he is right and all the money comes from taxing corporations..
1- if they pay more tax, they need to raise prices to compensate
2- he said himself that this money in corporations sits idle - so very low velocity of money
Now that money will be taken and given to people, which will be very high velocity - which will create inflation
3- many corporations will close or move
Now there is a lot less being produced
All else being equal, this leads to inflation
All that is happening anyways and with all the new AI technology and robots will there even be work for us humans in the future? Comapnies who use robots will be getting richer because they don't have to pay the robots so more $ in their bank accounts.
As the 1% gets richer and richer there is an inverse relationship and the poor # will increase dramatically